The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-12-25

WIN uOeS I6s4k eSCdCS DSOu1 LbCa4A
Does it mean speculative frenzy in
land?
Is it a new phase of gambling?
Is it an outbreak in the direction
which has bulIed and beared stocks in
exchange marts for many years till
weary?
DOES is Existence prege a healthy
ana permanent prosperity, of which
the Doom itself is but an excess?
Or is it fact that the place of boom
has resources to justify the excitement
created concerning it?
Perhaps it shows all of these--per-
hsps only some.
As an opportunity for speculation, it
makes little difference where the excite
ment in land is, so long as that excite
ment can be kept up until those who
promote and engineer it shall have be-
come wealthy.
As rule, those who intend purchas-
ing land for the purpose of improving
and building homes for themselves
upon it, are a little wary of the opinions
of real estate men. The reason is OBJ
Vious. So long as the excitement shall
continue, these useful men in their
line reap the golden harvest. But
when we find man in this business
leaving other cities where the excite
ment is great, and coming to new quar-
tiers. where the opportunities at the
time for making money are not so
great, it leads 10 the belief that there
must be some foundation for the hope
that the wave OF prosperity will strike
the new scene of their labOrS.
porter Of The HERALD has inter
viewed s numbe of the prominent real
estate men of the city. If our readers
care to 60 through the matter, they
will find IN each of these interviews the
idea expressed that Salt Lake is bound
TO become a large city; not alone be
cause she offers field for speculation
though this may be a reason-but also
from the fact that her geographical
position as a center of the inter-moun-
tain region, and the boundlessness Of
her resources, are such as will n time,
force her into & position OF prominence.
Where we actually find a solid basis for
prosperity in sections where feverish
excitement prevails the objections that
obtain to q purely speculative boom,
are removed, and this is precisely the
case in Utah and in Salt Lake City.
There is no section in the world, of
the same area as Utah which contains
greater resources, and upon which
manufactures Rlay be founded or of
equal abundance, as are found within
the boundary lines of the Territory of
Utah.
These resources are practically I'M
touched. The crust of them has not
been probed. They are to all intents
and purposes virgin. And with the
rapidly growing wealth of over
populated cities, and with an increase
OF wealth within our own borders,
there must come time when the OPP
portunities which this T erritOry affords
for the stable Investment of capital
will be taken advantage of by men of
means, and made to contribute to The
wealth of large and prosperous popu-
lation. 1t is because of these resources,
and because every dollar that can be
invested in this Territory will find an
ample field for labor that we have no
fear of reaction from any boom that
may reach US, however great it may be.
Moreover, there is Yalae in a con-
census of opinions en- any subject,
and it is of value regarding the future
seen in the annexed inter
views that railroad men, or those
VINO make railroading their business.
have been heavy buyers Of real estate III
this vicinity, and We do net think it is
possible to over-estimate the favorable
conclusions that may be drawn from
this fact These men undoubtedly keep
posted with regard TO railroad move
ments, and the fact of their investments
here strongly prejudlces the conclusion
that this is to be railroad center OF
considerable magnitude. Tke cOndi-
tons favor Salt Lake as 4 pleasure
resort. In addition to other advan-
tageS named, our lake, with its an
equaled bathing; our mineral springs,
with their great incidental properties
now only beginning TO be known our
eQuable climate, lovely summers, cool
nights, delightful aHtumns and springs
temperate winters, together with the
e grandeur and majesty OF mountain
chains the delight of canyon retreats
and productiveness of the valleys, are
alone sufficient to make Salt Lake City
famous, and win for her wealth and a
desirable population. When We think
of all the advantages combined which
are presented in this vicinity for the
upbuiIding of manufactures, for the
seekers of permanent homes, Tor those
IL search of health-in fact, for every
class of people-it is.not oyer-estimating
the probabilities to declare that nothing
can stem the tide of prosperity which
has now just set in towards this Terri
. tory. Viewed in this connection, there
are character and reliability in the eI-
pressions of the persons whose inter
views appear with this.
In the pages of this paper
also, will be found various articles
treating in detail, of subjects only re-
ferred to here. Figures are also given;
and these will endorse the views herein
contained. We have no fear of the
result; and considering the subject with
that warmth which investigation of the
resources and opportunities OF Utah is
absolutely sure to beget, we are free
10 say thst the opinions of the gentle
msn quoted in regard to the future of
Salt Lake have given nothing like the